Avoid Foreclosure-Prevention Scams in College Station/Bryan

With mortgage delinquencies across the nation at an all time high, many desperate homeowners are seeking to avoid foreclosure at any cost. The problem is, there are plenty of scam artists out to take advantage of that fact. For scam artists, this high level of foreclosures is seen as an opportunity to profit off of others’ misfortunes. Between October 2009 to April 2010, community development groups handled over 10,000 reports of foreclosure-prevention scams.

Here in College Station, there have not been many reports regarding foreclosure-prevention scams. But if you are a homeowner, it is still a good idea to make yourself aware of the possibility. Alert consumers can identify fraud from legitimate help if they learn these three basic signs.

Avoid anyone who asks for a fee in advance. If you pay these fees (which can range from $1,000 to $5,000) you will likely never hear from them again.

Avoid anyone who tells you they can guarantee foreclosure will stop. Nobody can do this, especially before they find out about your individual circumstance.

Avoid anyone who urges you to stop paying your mortgage and pay them instead. They are keeping up the pretense of helping you, while adding to the money they are stealing from you.

If you are having issues with foreclosure and don’t know where to turn, please call me. I am here to help and can explain the many options that are open to you. We can discuss negotiating a short sale, a loan modification, or even quick sales to avoid the potential harm to your credit. Call (979) 255-1839 anytime.